June 2026
Interest rates monthly report
Gain the latest trends and insights with our monthly newsletter on ICE's rates market.
Euribor futures & options
SONIA futures & options
ESTR futures & options
Long Gilt futures & options
SARON futures
June highlights
Euribor options
- Record open interest (OI) at 23,159,119 (11th June) - beating the previous record set in March 2010
ESTR futures
- Record OI at 3,175,923 (16th June)
- Average daily volume of just under 500k
Medium Gilt
- 2nd consecutive quarter of physical delivery since the relaunch
Products in focus
Three month ESTR futures
- ESTR OI surpassed 3 million contracts
- Year to date average daily volume running at 500,000
- ICE holds 83% of €STR futures volume year-to-date
- ICE has 72% of €STR OI market share
Medium Gilt futures
- ICE Medium Gilt futures contract is a future deliverable into eligible UK government debt securities with maturities of 4 years to 6 years & 3 months and an original term to maturity of 11 years or less
- Functionality to execute Medium Gilt futures vs Long Gilt futures as a one line spread via the inter-commodity spread (ICS). Trades in a 2:1 ratio
- Trades alongside Long Gilt futures & options and Ultra Long Gilt futures
Three month TONA futures
- Trade short term Japanese interest rate risk
- Based on the Bank of Japan's overnight rate, TONA (also known as Mutan)
- Live on screen from July
- Contract size aligned with our EUR and GBP contracts for easy comparison
Three month Scandinavian futures
- Trade short term Swedish and Norwegian interest rate risk
- OIS and IBOR contracts available in both SEK and NOK
- Trade the OIS-IBOR basis in a single trade
- Live on screen from July
Product headline highlights
ADV, OI & volume
Interest rate derivatives
The largest marketplace for U.K. and European interest rates futures and options.
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